Overview

Description

"Senior Housing ranks 2nd/3rd among 24 commercial / multifamily sectors in 2019 for best investment and development prospects." (NIC) With the high demand for affordable housing, with the absence of affordable land for developer to build housing Developer are now focusing on Hotel Conversion. Hotel structures offer the flexibility to service the need within the metropolitan area prompting investors to explore conversions to senior housing.
The value benefit offered is having the structure in place. Having commercial kitchen and dining hall, banquet hall are in place. Added benefit are large banquet hall converted to activity centers, heated swimming pools and therapy spas. Existing space for fitness and yoga space, workout equipment. With addition acres to expand community services such as dog park, walking trails or activity center for Bocce and Shuffleboard Courts.

Located in The City of Englewood in Montgomery County off of I-70 and St. Rt. 48 and Rockridge

Highlights

• Investment Interest in Senior Housing is Strong
• High Visibility.
• Commercial Kitchen, Banquet Hall.
• Lounge Areas, neighborhood living rooms.
• 148 doors.
• Significant Opportunity for Value Add.
• Investment Opportunity with various aspects of the senior housing market.

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